The following is a list of stocks for the week of Jun 08, 2020 – Jun 12, 2020 that show bullish and bearish trends.
Based on our analysis, trader trend is still bearish despite the increase in the overall markets on Friday after the Dow Jones index dropped almost 2000 points on Thursday. We noticed the same 2 weeks prior as well.
Last week we noted LULU was showing bearish trend and they were scheduled to release their earning on Thursday. The earnings came low, as expected. Since our blog last Monday LULU has dropped 8%. If you didn’t short this company last week it may be good to look for an opportunity to go long now. Their income will go back up as re-opening of the economy in the US is well underway.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| None | ||||
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| PE | Parsley Energy | Jun 08, 2020 | Hanging Man | 79.83 |
| DVN | Devon Energy Corp. | Jun 08, 2020 | Hanging Man | 72.01 |
| SBRA | Sabra Health Care Reit | Jun 08, 2020 | Deliberation | 76.0 |
| WMS | ADS | Jun 08, 2020 | Upside Gap Two Crows | 72.86 |
| HAL | Halliburton Co. | Jun 09, 2020 | Hanging Man | 71.29 |
| TECK | Teck Resources B | Jun 09, 2020 | Hanging Man | 70.0 |
| ENBL | Enable Midstream Partners, LP | Jun 09, 2020 | Evening Star | 73.22 |